How many bitcoins do you have to sell to make a living? - page 7.

sunshinelu

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I think the question would be more about what is ROI for investment to get bitcoins and make a living with that.

The approach would be:
- Invest your time to do some real work and get paid by bitcoins, and then exchanged to any currency you can make a living in your place.
- Invest your money to get miners running and get rewarded by bitcoins.
- Invest your money to trading place and get rewarded by bitcoins or money.

All of above are at your own risks. Grin

n691309

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Quote from: hubballi on March 03, 2016, 05:43:17 AM

I need 250 btc to make my family living a normal life because i have a big family and converting 250 btc into my fiat currency at the price of $500 will be like my dream comes true.

This is really too much to spend 250 bitcoin within a month, at my country to make a living are need somewhere between 2-4 bitcoins depending on the people's needs.

quentincole32

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Quote from: Kakmakr on March 04, 2016, 02:02:19 AM

It will differ from country to country, but here is a list of minimum wages by country : https://en.wikipedia.org/wiki/List_of_minimum_wages_by_country With this I am not saying that it is a survivable income, but you can take that as a guideline. Most currencies are depicted in US $ and the Minimum wage is shown in Annual / Workweek / Hourly and Percent of GDP per capita. You will just need to change it to Bitcoin to see if you are still within the minimum wage for your country and how many coins you would need to survive and for how long. ^smile^

1.5 bitcoin are more than enough to live humble here around $600 current rates.
With $500 capital to trade altcoin and bitcoin I only earn 0.5 bitcoin per month steady plus from signature campaign 0.16 average sum , plus trade some digital stuff total I earn around 0.8 monthly, not bad.

bebeko

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Quote from: mettalmag on March 03, 2016, 04:10:01 AM

for living 1 btc every month in my Country is quite enough. 400 $ = 988 GEL when the average salary is 250-300 GEL

Here also in my country 1 btc converted to 20,000 Philippine Peso is enough to live a family with 2 kids. However because of economy's crisis somehow it is sufficient.

n0ne

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It differs according to the country as well the price of bitcoin. With the recent days price it is easy to make living with 1bitcoin for a month. The living is not a luxurious one, but with a some sort of comfort.

Kakmakr

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It will differ from country to country, but here is a list of minimum wages by country : https://en.wikipedia.org/wiki/List_of_minimum_wages_by_country With this I am not saying that it is a survivable income, but you can take that as a guideline. Most currencies are depicted in US $ and the Minimum wage is shown in Annual / Workweek / Hourly and Percent of GDP per capita. You will just need to change it to Bitcoin to see if you are still within the minimum wage for your country and how many coins you would need to survive and for how long. ^smile^

Masterredditor

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Probably around 10-15 a year.

Mr. Big

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Quote from: zerowing on March 03, 2016, 05:55:59 AM

It depends on where you live. For me I would need 4 - 5 btc/month to live small

Wow!! that's true, depending on where we live, living in where I live and having an income as big as 4-5 bitcoin a month would make me live with the lifestyle of the rich and famous..

zerowing

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It depends on where you live. For me I would need 4 - 5 btc/month to live small

hubballi

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I need 250 btc to make my family living a normal life because i have a big family and converting 250 btc into my fiat currency at the price of $500 will be like my dream comes true.

mettalmag

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Quote from: john2231 on March 03, 2016, 05:03:01 AM

Quote from: mettalmag on March 03, 2016, 04:10:01 AM

for living 1 btc every month in my Country is quite enough. 400 $ = 988 GEL when the average salary is 250-300 GEL

Yeah 1 btc to me is too much to living maybe i can live even 0.7 btc here in my country..
if i can earn much of this 0.7 every month maybe i will quit in my real job and i continue collecting bitcoins..
But for now i only have low earnings every month..

0.7 BTC fair enough and the best for my situation is a free energy and place for about 3-4 antminers and im still thinking in investing maybe to buy 1 or 2 of them. It would do a great job, but I have to take loan if I decide to buy. Still thinking

john2231

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Quote from: mettalmag on March 03, 2016, 04:10:01 AM

for living 1 btc every month in my Country is quite enough. 400 $ = 988 GEL when the average salary is 250-300 GEL

Yeah 1 btc to me is too much to living maybe i can live even 0.7 btc here in my country..
if i can earn much of this 0.7 every month maybe i will quit in my real job and i continue collecting bitcoins..
But for now i only have low earnings every month..

mettalmag

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≡v≡

for living 1 btc every month in my Country is quite enough. 400 $ = 988 GEL when the average salary is 250-300 GEL

Amph

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Quote from: ramesh770 on March 03, 2016, 01:16:24 AM

If i get 100 btc i will convert it to my fiat currency and just settle in my life , because conversion of bitcoin to my county fiat currency is high and that is enough for me to leave my life normal with my family.

worst decision ever to convert everything, you can convert a tiny portion just for the stuff that you cna not buy with bitcoin

with something like all4btc you can buy everythign with bitcoin, so why wasting time converting in fiat? not to mention the possible and very probable increase in the value in the future

ramesh770

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If i get 100 btc i will convert it to my fiat currency and just settle in my life , because conversion of bitcoin to my county fiat currency is high and that is enough for me to leave my life normal with my family.

zaph3t

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I dont think you can make a living with Bitcoin for now unless you have services running with Bitcoin Payments as an option.
Right now mining Bitcoin is not that profitable and also you will have to spend a lot of money for Higher Hardware miner.

teddy5145

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Quote from: bebeko on March 01, 2016, 01:12:58 PM

Quote from: relq on February 01, 2016, 06:28:40 AM

I think i need at least 0.1-0.2 bitcoin/week to make a living. but since the bitcoin price keep going down, i think i will need more bitcoin for living.

I think it is sufficient if you are only single, how about if you are married and if you have a baby?

Then you need way more than that , especially you will need baby formula to feed the baby , that formula ain't cheap Sad

Quote from: JasonXG on February 29, 2016, 02:05:42 PM

For someone who is a full member thats a really really stupid question. How did u even become a full member ?

There's nothing wrong in asking questions, freedom of speech Tongue

Reynaldo

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What's the budget you aim for? For example if you charge 7% fees over market price, and you want 2,000 USD dollars monthly to survive and do w/e you want, you would have to sell

(2000*1)/0.07=28,571.43 usd that would be 66.29 bitcoin at current bitstamp rate of 431 USD, that would leave you with 2,000 USD monthly.

greBit

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Quote from: EdenHazard on March 01, 2016, 11:33:20 AM

Quote from: Ninjahitoko on October 09, 2015, 10:02:03 AM

Is it even possible to make a living by selling bitcoins?

i believe it is quite possible, if I have a very good miner, and accustomed to mining bitcoin, I'm sure I could live with selling bitcoins daily.

Yes but mining is not a easy job and the machine itself consumes hell lot of electricity and you will invest your time as well but yes we can make living out of selling bitcoin but i don't have exact number how many btc do we require because it depends on the value of bitcoin during that particular time

bebeko

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Quote from: relq on February 01, 2016, 06:28:40 AM

I think i need at least 0.1-0.2 bitcoin/week to make a living. but since the bitcoin price keep going down, i think i will need more bitcoin for living.

I think it is sufficient if you are only single, how about if you are married and if you have a baby?

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